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The Australian Government is considering stronger laws on media ownership
after the country’s richest woman launched a AUD$200 million (£135 million)
share raid on the Fairfax media group in an attempt to increase her stake in
the organisation by 9.9 per cent.

If successful, the purchase would make Gina Rinehart, a secretive but
fabulously successful iron ore magnate who is worth A$20 billion, (£13.5
billion), the media giant’s biggest single shareholder. She could also claim
a seat on the board of the company which owns The Financial Review,
the Sydney Morning Herald and The Age, three of the most
influential